The Hormuz Crisis Is Reviving Egypt’s Gas Hub Ambitions

All the Hormuz chaos is giving Egypt another chance to become a gas hub. In the immediate term, Egypt is taking a hit, but the conflict is strengthening Cairo’s long-term East-Med gas position. Right now, the Iran conflict means that Egypt has an immediate supply problem.

Israeli gas exports to Egypt were disrupted after the conflict escalated, removing roughly 1. 1 billion cubic feet per day from the Egyptian market. And domestic output was already under pressure amid rising electricity demand.